How Factoring Works

You are about to be relieved of the stress and time consuming process of collecting on your accounts receivable.

How Factoring Works

The First Step:
The Client application

You begin by filling out a simple client profile, which we
will provide you. Please click here for profile. This profile
will cover basics such as your company's name and
address, the nature of your business, and information
about your customers.

You may need to supply an accounts receivable
aging report, existing customers' credit limits, or other related documents.
Remember the factor will attempt to determine the creditworthiness of your customers independent of their
credit history with your business. We want a broader
view of their
overall credit status.

During this initial stage you will also cover basic
financial arrangements with the factor. For instance,
what will be the monthly volume of invoices you
want to factor(i.e. how liquid do you need to be)?
What will the advance rate and the discount rate be?
How quickly will the factor issue the advance to you?

In most cases, the answers to these questions will
vary depending on the financial strength of your
customer(s) and the anticipated monthly sales
volume to be factored. Variations between industries,
length of time in operation, and general reputation of
how risky a customer of yours may be. For instance,
a long list of high-risk clients will cost you more in
factoring fees than a short list of government
agencies with a slow-pay history.

In the factoring business, volume is all important.
The higher your volume(the dollar amount of
invoices you factor), the more favorable your rates will be.

The factor will use the client profile you submit to
determine if your business is suitable for factoring.
This process is simply the factor analyzing the
risks versus the rewards, using the information you provided.

Once approved, you can expect to negotiate terms
and conditions. The negotiation process takes
several aspects of the deal into consideration.
For instance, if you want to factor $10,000,
you can't expect as good a deal as a company
that wants to factor $500,000.

During the negotiation process, you will become
well aware of what it costs to factor your
accounts receivable. After you reach an agreement
with the factor, the funding wheels begin to roll.
The factor conducts due diligence by researching y
our customers' credit and any liens placed against
your company. The factor also confirms the
legitimacy of your invoice before buying your
receivables and advancing cash to you.

WE PROVIDE HUNDREDS OF MILLIONS IN CASH EACH YEAR

We relieve your headaches and stress of collecting on accounts receivables.

Best Rates

We deliver exceptional funding services at the lowest rates.

Best Service

You work with a dedicated representative and assistant.

Best Rates

We deliver exceptional funding services at the lowest rates.

Best Service

You work with a dedicated representative and assistant.

Most Convenient

You have 24/7 account access 365 days a year.

Always Reachable

Factoring is great for any business that offers services or delivered goods.

Fast money for businesses that need it

Don’t wait long periods for a loan. Many of our factoring deals can take place in as little as 24 to 48 hours. If you need capital right now or are looking to expand then factoring is the way to go. We work on your time instead of you working on a bank’s schedule.

MAXIMIZE YOUR TIME BY MINIMIZING THE COLLECTION PROCESS

If you need cash and you’re sitting on a lot of unpaid invoices then factoring with us is the way to go. We’ll give you the cash that your business needs and collect from your customers.

NO DEBT - JUST CASH

Debt is risky while at the same time being beneficial to growing a business. Start-ups can relieve themselves of the risk of debt and still create capital with factoring.

CAN’T GET A LOAN

If you’re a start-up or your business has a poor history or credit then you can still get the cash that you need. Today’s banking atmosphere makes it a challenge for even the most-qualified businesses to get a loan. Factoring takes care of all of that.

HELP SMALLER BUSINESSES WITHOUT THE STAFF

Without a collections department or a small staff, collections often come down to you doing all of the leg work. Our Factoring Service will alleviate that burden and provide the service that you’re not equipped to handle.

give us a call and Get started with the best factoring company in the industry.